Automated Underwriting

An automated process performed by a technology application that streamlines the processing of loan applications and provides a recommendation to the lenderThe lender providing funds for a mortgage. Lenders also manage the credit and financial information review, the property and the loan application process through closing.... to approve the loan or refer it to manual underwritingThe process used to determine loan approval. It involves evaluating the property and the borrower’s credit and ability to pay the mortgage.....